UK exporters look to US import price data

It has been a quiet week for US data releases, with minimal major data released. On Thursday we saw the weekly unemployment claims drop further; other than that, most of this week’s movements have been dictated by both sterling and the euro.

Today, we will have the release of the import price data, which is expected to post disappointing figures yet again. This could contribute to the US’s worsening economic outlook, but any welcome surprises could help give the US dollar a boost.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.